Wednesday, December 28, 2011

Time Preference

Time preference is an economic term for the degree to which we prefer present to future satisfaction (consumption). It relates to how much money we want to spend now, and relates that to how much we're willing to invest to consume at a future date.

Friday, December 23, 2011

The College Industrial Complex

College is just like war and the united state's prison system - it's an industrial complex, where government throws lots of money at an otherwise unsustainable system.  Basically, here's how it goes - government does massive intervention in the student loans market, making it easier for more people to go to college, since there's easy money available to do so.

Wednesday, December 21, 2011

On Abortion - A Liberty Perspective

Abortion is one of those issues that keeps coming up when discussing the message of individual liberty and self-ownership, and it is indeed disputed even among Libertarians.  Two libertarian candidates for president of the United States disagree on this issue -  One of which is Dr. Ron Paul, who is pro-life; the other being Gary Johnson, who is pro-choice.

Wednesday, December 7, 2011

Agorist Thesis #8

Agorist Thesis #8 - Force distorts market information.
Violent intervention in the market distorts market information - the signals that tell entrepreneurs what to produce and what not to produce.  For example, do you think that bombs and fighter jets would be as abundant if it weren't for taxation funding military spending?  Would people be using the same government schools, or would they opt to send their kids to better private alternatives?